Bonroy, O.; Constantatos, C. - Laboratoire d'Économie Appliquée de Grenoble, … - 2007
. Since even the high quality producer may not wish to label its product, in such cases the label must be mandatory. Third, an …We analyze credence goods markets in the case of two firms. Consumers know that the quality of the good varies but do … not know which firm is of high quality. First, we show that the high quality producer may be unable to monopolize the …